Great Lakes Christian College

The information on this page was last updated 12/19/2024. If you see errors or omissions, please email: [email protected]


Summary

Great Lakes Christian College, an institution of higher education affiliated with Christian churches/churches of christ, seeks to glorify God by preparing students to be servant-leaders in the church and world. To provide bible-oriented systematic training, resulting in a two or four year degree.


Contact information

Mailing address:
Great Lakes Christian College
6211 W Willow Hwy
Lansing, MI 48917

Website: glcc.edu

Phone: (517) 321-0242

Email: [email protected]


Organization details

EIN: 386080947

CEO/President: Dr Frank Weller

Chairman: William Gray

Board size: 17

Founder: Ralph R. Woodard

Ruling year: 1959

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

The goals Great Lakes Christian College seeks to attain are inherent in the Mission Statement. The College is committed to serve and glorify God and endeavors to accomplish this by the following means:

To provide our students a foundation for Christian faith, thought, and character that is relevant to the challenges and opportunities of the world.

To develop in our students a greater awareness of the need for the Gospel in a fallen world and a personal commitment to be a bearer of that message.

To prepare educated, faithful vocational ministers, able to lead and administer churches and/or Christian institutions.

To prepare both volunteer and vocational Christian students for leadership and professional roles within the church and world.

To instill the restoration principles as espoused by Christian Churches/ Churches of Christ in the life, faith, ministry and witness of our students.

To assist the churches of our constituency through special events and educational programming.


Mission statement

Great Lakes Christian College, an institution of higher education affiliated with Christian Churches/Churches of Christ, seeks to glorify God by preparing students to be servant-leaders in the church and world.


Statement of faith

Articles

9/11/2023GLCC Working to Shore Up Finances While on HLC Probation

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating328 of 113036 of 128
Fund acquisition rating32 of 113012 of 128
Resource allocation rating1050 of 1130116 of 128
Asset utilization rating214 of 113023 of 128

According to the organization's Form 990, it received $1,016,334 in government grants in 2024.


Financial ratios

Funding ratiosSector median20242023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
14%8%8%7%7%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%5%5%4%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
16%57%63%66%60%52%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%5%4%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
84%43%37%34%40%48%
 
Operating ratiosSector median20242023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%70%68%72%69%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%98%107%103%120%
Program output ratio Program output ratio =
Program services /
Total revenue
83%68%67%77%70%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%2%-7%-3%-20%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%8%6%-19%-4%-27%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%25%27%24%27%26%
 
Investing ratiosSector median20242023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.531.041.011.370.990.94
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.741.741.941.821.781.93
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.451.811.952.481.761.83
 
Liquidity ratiosSector median20242023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.236.805.744.195.084.50
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.150.170.240.200.22
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.985.675.093.685.495.11
 
Solvency ratiosSector median20242023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
23%58%59%50%43%41%
Debt ratio Debt ratio =
Debt /
Total assets
11%40%36%35%29%27%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%41%40%36%58%62%

Financials

Balance sheet
 
Assets20242023202220212020
Cash$1,864,389$1,529,626$1,465,583$1,688,722$1,523,021
Receivables, inventories, prepaids$628,614$602,870$148,091$177,373$206,470
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,493,003$2,132,496$1,613,674$1,866,095$1,729,491
Long-term investments$0$0$0$0$0
Fixed assets$885,137$758,841$592,699$613,408$647,569
Other long-term assets$967,117$1,237,577$729,200$846,800$964,400
Total long-term assets$1,852,254$1,996,418$1,321,899$1,460,208$1,611,969
Total assets$4,345,257$4,128,914$2,935,573$3,326,303$3,341,460
 
Liabilities20242023202220212020
Payables and accrued expenses$66,528$61,432$64,892$37,352$44,496
Other current liabilities$300,000$310,000$320,000$330,000$340,000
Total current liabilities$366,528$371,432$384,892$367,352$384,496
Debt$1,732,196$1,496,421$1,019,624$980,228$885,719
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$412,571$581,837$68,071$67,149$103,597
Total long-term liabilities$2,144,767$2,078,258$1,087,695$1,047,377$989,316
Total liabilities$2,511,295$2,449,690$1,472,587$1,414,729$1,373,812
 
Net assets20242023202220212020
Without donor restrictions$290,145$159,214($209,427)$226,370$415,721
With donor restrictions$1,543,817$1,520,010$1,672,413$1,685,204$1,551,927
Net assets$1,833,962$1,679,224$1,462,986$1,911,574$1,967,648
 
Revenues and expenses
 
Revenue20242023202220212020
Total contributions$2,656,980$2,658,050$2,458,756$1,912,920$1,376,715
Program service revenue$1,925,508$1,721,121$1,209,721$1,221,912$1,147,214
Membership dues$0$0$0$0$0
Investment income$46,860($149,319)$57,633$48,215$97,361
Other revenue$20,240$15,000$12,980$10,000$10,000
Total other revenue$1,992,608$1,586,802$1,280,334$1,280,127$1,254,575
Total revenue$4,649,588$4,244,852$3,739,090$3,193,047$2,631,290
 
Expenses20242023202220212020
Program services$3,170,561$2,834,300$2,873,900$2,244,743$2,186,149
Management and general$1,128,467$1,115,110$959,378$896,232$814,437
Fundraising$200,990$202,005$176,615$135,608$155,869
Total expenses$4,500,018$4,151,415$4,009,893$3,276,583$3,156,455
 
Change in net assets20242023202220212020
Surplus (deficit)$149,570$93,437($270,803)($83,536)($525,165)
Other changes in net assets$0$0$0$0$0
Total change in net assets$149,570$93,437($270,803)($83,536)($525,165)

Compensation

NameTitleCompensation
Frank WellerPresident$80,258
Bryan TarrantVP of Finance Operations$60,831

Compensation data as of: 6/30/2024


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/19/2024. To update the information below, please email: [email protected]


History

Over a generation ago, men of God were deeply concerned with the lack of vitality and the shrinking numbers of Christian Churches/Churches of Christ in Michigan. Their concern led to plans for founding Great Lakes Bible College, which came into being in 1949 at Rock Lake, near Vestaburg, Michigan. Twelve students were enrolled during the first year, and their classes convened in the log cabin of Ralph R. Woodard, who was to become the first President of the College.

In 1951, the young College purchased a nearby eighty-acre farm, which was converted into the first campus. Recognizing the advantages of an urban location, the Trustees decided to move the campus to the capital city, Lansing, in 1958. The College occupied the Dodge Mansion for fourteen years. In 1970, the College purchased a forty-acre site on the west edge of Lansing, and the first buildings were constructed for use in 1972. Additional land was added later, and facilities have been constructed as needed. In 1992, the College's name was changed to Great Lakes Christian College.

In 2002 accreditation was granted by The Higher Learning Commission and GLCC became a member of the North Central Association. Reaffirmation took place in 2007. The Doty Center, a multi-purpose gymnasium and event center, was built at the heart of the campus and was completed in 2008. The first phase of the Knowles Learning Center - Office Suites is also completed.


Program accomplishments


Needs